SYSTEM AND METHOD OF IMMUTABLE ELECTRONIC PROCESSING OF RENEWABLE ENERGY PRODUCTION DATA FOR ISSUING DIGIRECs

A method of immutable electronic processing of renewable energy production data for issuing Digital Renewable Energy Certificates (DIGIRECs) for electricity, the method comprising:

• periodically acquiring, by a central cloud server, a plurality of renewable energy production datasets from a renewable energy metering and monitoring device located at a renewable energy production source site;
• assigning, by the central cloud server, a timestamp and a hash value to each renewable energy production dataset of the plurality of renewable energy production datasets;
• generating, by the central cloud server, an electronically verifiable span data package from the plurality of renewable energy production datasets and processing the electronically verifiable span data package to generate a renewable energy certificate (REC) claim request in a defined taxonomy compatible to be read by an application programming interface (API) of a first third-party system associated with a renewable energy verifier entity;
• communicating, by the central cloud server, the REC claim request to the first third-party system along with a portion of the electronically verifiable span data package as evidence;
• acquiring, by the central cloud server, a unique identifier of a first REC associated with a REC issuing entity from the first third-party system when the REC claim request is successfully verified;
• and
• generating, by the central cloud server, an interactive digital renewable energy certificate (DIGIREC) asset based on predefined REC-taxonomy metadata and the acquired unique identifier, wherein the interactive DIGIREC asset is associated with an ownership to a registered entity of the renewable energy production source site.